Financial Literacy in Bosnia and Herzegovina : Analytical Report
The survey on financial literacy among the citizens of Bosnia and Herzegovina was conducted within a larger project that aims at creating the Action Plan for Consumer Protection in Financial Services. The conclusion about the need for an Action Pla...
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| Format: | Report |
| Language: | English English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/168471483500833521/Analytical-report http://hdl.handle.net/10986/25901 |
| Summary: | The survey on financial literacy among
the citizens of Bosnia and Herzegovina was conducted within
a larger project that aims at creating the Action Plan for
Consumer Protection in Financial Services. The conclusion
about the need for an Action Plan was reached by the
representatives of the World Bank, the Federal Ministry of
Finance, the Central Bank of Bosnia and Herzegovina, private
sector supervisory authorities and non-governmental
organizations, based on the World Bank’s 2009-2010
Diagnostic Review in Bosnia and Herzegovina. The financial
literacy survey, whose results are presented in this report,
aims at establishing the basic situation with respect to
financial literacy, serving on the one hand as a preparation
for the educational activities plan, and on the other as a
basis for measuring the efficiency of activities undertaken.
The first section of the study deals with financial literacy
and its various aspects. Based on these data, the Financial
Literacy Index was derived (a single-dimension composite
scale of financial knowledge and capability). Next sections
deal with managing everyday financial choices (saving,
covering shortages etc.) in the context of general household
financial situation. Data collection was based on a random,
nation-wide sample of citizens of Bosnia and Herzegovina
aged 18 or older (N = 1036). |
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